PayPal has no plans for investing in digital currencies but wants to capitalize on crypto craze ...News

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PayPal has no plans for investing in digital currencies but wants to capitalize on crypto craze
Online payments operator PayPal is unlikely to pour money into bitcoin and other cryptocurrencies, its Chief Financial Officer John Rainey said, stressing that the firm sees a variety of opportunities in the digital wallet space. According to the top manager, the company is not interested in buying the tokens, but it is planning to develop services that could be integrated into the platforms PyaPal offers. “We’re not going to invest corporate cash, probably, in sort of financial assets like that, but we want to capitalize on this growth opportunity that’s in front of us,” the CFO said in an interview with CNBC.

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